Key Data Being Released Today.
Thursday
- CAD BOC Monetary Policy Report
- CAD BOC Rate Statement
- CAD Overnight Rate: exp. 0.25%
- CAD BOC Press Conference
- AUD RBA Deputy Gov Debelle Speaks
- JPY Monetary Policy Statement & BOJ Outlook Report
- EUR Monetary Policy Statement
- USD Advance GDP q/q: exp. 2.6%
- USD Unemployment Claims: exp. 290K
The Aussie Dollar
The Aussie Dollar closed in the green for the 3rd consecutive day of trading but struggled to trade at the highs of last week.
The AUD benefited from a jump in the Reserve Bank of Australia (RBA) preferred inflation gauge before the global central banks portrayed tapering moves. However, the bulls are recently cautious ahead of the speech from RBA Deputy Governor Guy Debelle and preliminary readings of the US Q3 GDP coming up.
As investors looked past upbeat Australian consumer inflation figures, the AUD/USD pair witnessed an intraday turnaround on Wednesday and retreated nearly 50 pips from the daily high. A slight deterioration in the global risk sentiment – as depicted by a pullback in the equity markets – benefitted the safe-haven USD and drove flows away from the perceived riskier AUD.
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AUD/USD Daily Chart
Major Global Markets
- Stocks
- S&P 500 closed at 4551
- NASDAQ closed at 15608
- ASX 200 closed at 7448
- Currencies
- AUD/USD – At the time of writing this report trades at 0.75139
- AUD/JPY – At the time of writing this report trades at 85.523
- AUD/CNH – At the time of writing this report trades at 4.8003
- DXY (US Dollar Index) – At the time of writing this report trades 93.857
- AUD/EUR – At the time of writing this report trades 0.6477
- Bonds
- US 10-year Bonds are currently at 1.550
- Commodities
- Iron Ore – Trading at USD/T 122.14
- Gold – trading at USD/OZ 1796
- Brent Crude Oil – Trading at USD/Bbl 84.16